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Sep 30 - 06:55 PM

USD/JPY: Staying Long Via Options Targeting 108 - Credit Agricole

By eFXdata  —  Sep 30 - 03:00 PM

Credit Agricole CIB Research maintains a long USD/JPY exposure via options targeting a move towards 108 over the coming weeks.

"Risk sentiment will remain the big driver of the JPY in the coming week, which will leave the JPY outperforming many G10 currencies with the exception of the USD. 

We remain long USD/JPY via options with a target of 108. Any shifts in the polls in favour of Trump would be USD positive in our view," CACIB notes. 

Source:
Crédit Agricole Research/Market Commentary

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